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《高盛认股证牛熊证》小米比亚迪合作造车 留意贴价小米购13866、近牛67660,新上市比迪沽15175
市场焦点:有报导指,比亚迪(1211)董事长王传福表示,正与小米(1810)洽谈造车合作。而双方此前在手机业务已曾合作。此外,王传福亦表示中国品牌在技术层面已全面超越,并指至2030年,新能源车在中国市场占比有望达到70%。

小米(1810)

正股表现:小米上周五无升跌,今早则早段高见28.5元後倒跌,最低见27.5元,为过去三周低位。现报27.65元,跌约1.8%,落後大市。有报导引述消息,指小米正在招募团队,进入手机芯片市场,及与相关IP供应商正在进行授权谈判。

资金流向:观察个股轮证资金流向,可见认购证於上周五获资金转向流入,有约30万元。而认沽证则於上周四及上周五共录得约170万元资金流入。

牛熊证方面,则见上周五部署牛证的资金沽出27元以上收回价的贴牛外,亦见21至23元间收回区域的远牛获资金沽出,并有部分转仓至23至27元间收回价的产品。熊证方面,则见资金主要沽出,而30元以下收回价的贴熊则获资金留意。

产品选择:投资者如看好,认购证方面可留意年期约3个月,属贴价的小米购13866。牛证方面的近牛选择可留意小米牛67660,与现价有约6%收回距离。远牛选择可留意小米牛50257,与现价有约10%收回距离。

小米购13866,行使价30.93元,2021年09月02日到期,实际杠杆8.52倍,贴价

小米牛67660,收回价26元,行使价25.6元,换股比率50,杠杆比率13.26倍,高杠杆近牛

小米牛50257,收回价25元,行使价24.6元,换股比率50,杠杆比率9.08倍,相近收回价远牛中街货最低

投资者如看淡,认沽证方面可留意年期约5个月,属贴价的低街货小米沽14027。熊证方面可留意属近熊的小米熊69873,与现价有约8%收回距离。

小米沽14027,行使价23.95元,2021年11月22日到期,实际杠杆5.42倍,贴价、低街货

小米熊69873,收回价30元,行使价30.4元,换股比率50,杠杆比率9.31倍,高杠杆近熊

比亚迪(1211)

正股表现:比亚迪上周五升约1.1%,今早继续上升。早上高开约2.1%後突破220元水平,最高见225元,突破三个月高位。现报224.6元,升约4.8%。而比亚迪自获恒指公司宣布纳入恒指成份股以来表现强势,累计至今升近4成。中汽协公布最新数据,内地上月份汽车销量达212.8万辆,按年跌3.1%。

资金流向:观察个股轮证资金流向,可见认沽证於上周四及上周五共录得约770万元资金流入。

牛熊证方面,则见牛证於上周五获资金转向流入,并集中在185元以上收回价的产品。而熊证於上周五亦获资金继续流入,有约90万元,并集中在230至235元,及240至245元间收回区域的产品。此外,亦见资金沽出220至225元收回区域的熊证。

产品选择:投资者如看好,认购证方面可留意价外幅度约5%,年期约3个月,属贴价的比迪购20034。牛证方面可留意属贴牛的比迪牛50251,与现价有约34.6元收回距离。

比迪购20034,行使价234.08元,2021年09月23日到期,实际杠杆5.09倍,贴价、类近条款产品中杠杆最高

比迪牛50251,收回价190元,行使价186元,换股比率500,杠杆比率5.74倍,相近收回价贴牛中杠杆最高

投资者如看淡,认沽证方面可留意属中期的新上市比迪沽15175。熊证方面的近熊选择可留意比迪熊50216,与现价有约15.4元收回距离。远熊选择可留意比迪熊57069,与现价有约35.4元收回距离。

比迪沽15175,行使价172.78元,2021年11月26日到期,实际杠杆4.1倍,中期、新上市

比迪熊50216,收回价240元,行使价244元,换股比率500,杠杆比率10.63倍,高杠杆近牛

比迪熊57069,收回价260元,行使价264元,换股比率500,杠杆比率5.44倍,相近收回价远熊中杠杆最高

注: 以上数据资料来自高盛认股证牛熊证网站https://www.gswarrants.com.hk/~

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